For many economists and analysts, this week's turbulent stock market isn't surprising. They knew it was coming — and they knew where it would be coming from: China.

But for the rest of us, it seemed like China's image changed overnight: from major engine of global economic growth to one of the market's biggest liabilities. When the Dow Jones fell more than a 1,000 points at the start of trading on Monday, it was perhaps the first, most visible indicator that if China stumbles, the global market will feel it.

Host Charlie Herman asks Rana Foroohar from Time and Jordan Weissmann from Slate whether the communist nation is up to the task of directing its faltering economy.